Summary of Sterling / LA Clippers Termination Charges filed by NBA on 05/19/2014:

Summary of Sterling / LA Clippers Termination Charges filed by NBA on 05/19/2014:

Attached below is a summary of the charge that was initiated by the NBA on May 19, 2014 against LAC Basketball Club, Inc. (“LAC”), which owns the Los Angeles Clippers and is itself indirectly owned in equal shares by Donald and Rochelle Sterling. If the NBA Board of Governors sustains the charge, the ownership interests of Mr. and Mrs. Sterling in the Clippers will be terminated.

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